Exxon Mobil Corporation to Issue Quarterly Dividend of $1.03 (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM) declared a quarterly dividend on Friday, January 30th. Shareholders of record on Thursday, February 12th will be given a dividend of 1.03 per share by the oil and gas company on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, February 12th.

Exxon Mobil has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 42 years. Exxon Mobil has a dividend payout ratio of 52.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Exxon Mobil to earn $9.02 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 45.7%.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $0.92 during mid-day trading on Friday, reaching $141.43. The company’s stock had a trading volume of 29,634,452 shares, compared to its average volume of 20,208,775. The firm has a market cap of $596.43 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 14.53 and a beta of 0.37. Exxon Mobil has a twelve month low of $97.80 and a twelve month high of $142.34. The business has a 50 day moving average price of $122.31 and a 200-day moving average price of $115.91. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same period last year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. Jefferies Financial Group upped their price objective on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Barclays lifted their price objective on shares of Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Piper Sandler decreased their price target on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Finally, TD Cowen reissued a “buy” rating on shares of Exxon Mobil in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.74.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.